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DOGE

DOGE $150K Long Liquidated at $0.228 — Short-Term Bearish

I noticed a $150K long on Dogecoin was liquidated at $0.228, which looks like a clear short-term bearish event. I view this as increased selling pressure and a potential stop run around that level.

I would avoid initiating new long positions until price shows conviction above nearby resistance or reclaims the liquidation area with volume. If you hold exposure, consider tightening stops or reducing size to limit downside risk.

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Analysis

The liquidation of a large long at $0.228 likely added downward momentum and may indicate vulnerable stops clustered near that price; absent strong buying volume, the path of least resistance is lower...

Recommendation

I recommend not buying DOGE right now and waiting for clear support confirmation or a reclaimed range on higher volume before adding exposure; if already long, reduce risk or use tighter stops.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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